EXCLUSIVE: Nigerian Officials Continue Lavish Foreign Travel Amid Economic Hardships
In the midst of Nigeria’s pressing economic difficulties, high-ranking officials in President Bola Tinubu’s administration are still engaging in extravagant…
Afe Babalola: Nigeria’s Debt Crisis Deepens as Revenue Declines
Aare Afe Babalola, a prominent legal figure and founder of Afe Babalola University in Ado-Ekiti, has voiced serious concerns regarding…
Tinubu’s Minister Claims 20 Million Poor Nigerians Will Benefit from New Cash Transfer Initiative
The Nigerian government is preparing to roll out a cash transfer program aimed at assisting 20 million of the nation’s…
World Bank Urges Tinubu Government to Continue Economic Reforms Despite Growing Hardship
The World Bank’s Vice President and Chief Economist, Mr. Indermit Gill, has called on the Nigerian government, led by President…
World Bank Issues Warning on Potential Unrest in Nigeria and Kenya as Poverty Rises
The World Bank has adjusted its economic growth forecast for Sub-Saharan Africa (SSA), reducing it to 3% for the current…
Tinubu Government Aims to Reduce Transport Costs with CNG Initiative and Empower Youths
The administration of President Bola Tinubu has announced plans to significantly lower transportation costs through the Presidential Compressed Natural Gas…
Nigeria Ranks as Third Largest Debtor to World Bank Agency as Tinubu Government Increases Loans to $16.5 Billion.
Nigeria has advanced to become the third-largest debtor to the World Bank’s International Development Association (IDA) as of June 30,…
CBN Reports Growth and Stability in the Economy
The Central Bank of Nigeria (CBN) stated in Abuja on Friday that its monetary policies and actions have contributed to…
Economic Crisis: Massive Job Losses as 16 Multinationals Exit Nigeria in Three Years
As Nigeria battles an economic crisis exacerbated by the government’s policies on petrol subsidy removal and FX window unification, several…
Despite Economic Growth, 40% of Nigerian Population Still Live Below Poverty Line – Bagudu
Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Bagudu, stated on Thursday that despite recent economic growth, millions of…